Morgans expects a strong result when the company reports its first half on February 15. The broker expects to see a large step up in new online accounts and also active customer numbers.
Upside to FY19 guidance is expected given the strong start to the second half.
Because of higher earnings expectations and the potential for a special dividend Morgans retains an Add rating and upgrades the target to $10.90 from $10.70.
Sector: Consumer Services.
Target price is $10.90.Current Price is $8.15. Difference: $2.75 – (brackets indicate current price is over target). If JIN meets the Morgans target it will return approximately 25% (excluding dividends, fees and charges – negative figures indicate an expected loss).
